Any time I considered a property, I had to determine if it was moving me toward my goal by increasing my monthly cash flow.If you have a specific goal for your life, it will make it easier to determine which path is the right one for you.

The Branson market has fewer 3/3 units in the inventory, so you should do pretty well depending on cost and location.

The lender tacks on a lot of costs as the mortgage becomes delinquent and goes to foreclosure.

Given some of the issues that we have seen with my mom's old house which is in the suburbs of Pittsburgh I know that costly repairs could be hiding somewhere.

I live in miami florida now and I moved for larger scale developments here because of the net migration but columbus ohio the economics allow for that. existing inventory has been tougher and at the pricing inc columbus you may as well build new because you can build new less than replacement costs in a lot of the markets downtown. it's about being in adjacent downtown neighborhoods where property values and rents are higher. land values are the biggest driver of how well you can buy land to develop followed by permitted uses or rezoning applications. 

I hired a local handyman by father knew to 'save on repair costs' as opposed to going with one of my usual GC's.

(Increase the minimum rental income by 110% of the amount the taxes/insurance/utilities are over $500.)

Our costs are provided up front, are minimal across the industry, and we will always be transparent.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

Any opinions out there on if I would have any legal right to get the earnest money returned to me or should I just be happy he is willing to let me out of the contract and consider the $2,000 em cost of doing business?